End User License Agreement

Version 1.3 · October 4, 2026 · This is the full agreement referred to inside the ShrinkRay app.

END USER LICENSE AGREEMENT — SHRINKRAY
Version 1.3 — October 4, 2026

This End User License Agreement ("Agreement") is a legal agreement between
you (an individual or a single legal entity, "You") and Shrinkwrap Ventures LLC, a Texas limited liability
company doing business as ShrinkRay
("Licensor") for the ShrinkRay software application, including any
associated documentation ("Software"). The Software is offered under a
dual-license model: a no-cost FREE PERSONAL LICENSE for personal,
non-commercial use, and paid COMMERCIAL LICENSES (Pro, Pro Perpetual, and Team)
for individual professional or organizational use. Both are governed by this
Agreement; Sections 1 and 2 below tell you which one applies to You.

0. ACCEPTANCE
You accept this Agreement by clicking "I Accept" in the installer, and/or by
accepting these terms within the Software on first run, whichever occurs
first. Continued installation or use of the Software after either such
acceptance confirms Your agreement to these terms. IF YOU DO NOT AGREE, DO
NOT INSTALL, ACCEPT, OR USE THE SOFTWARE.

1. FREE PERSONAL LICENSE
1.1 Grant. If You have not purchased a Pro, Pro Perpetual, or Team license,
Licensor grants You a limited, non-exclusive, non-transferable,
non-sublicensable, revocable license to install and use the Software free of
charge, solely for personal, non-commercial use. No license key is required
for this tier.
1.2 Commercial use defined. "Commercial use" means any use of the Software
in connection with, or in furtherance of, an income-generating activity,
business, trade, profession, or the operations of any organization
(including nonprofit, governmental, or volunteer organizations) — for
example, converting files as part of a job, a side business, or work
performed for or on behalf of any entity. If Your use is or becomes
commercial use, You must obtain a Pro, Pro Perpetual, or Team license under
Section 2 before continuing to use the Software.
1.3 Attribution line. Under the Free Personal License, the Software appends
a one-line attribution to converted output: "Converted with ShrinkRay ·
free · shrink-ray.net." This disclosure is a condition of the free license.
You may not strip, hide, or otherwise suppress this line while using the
Software under this Section 1. Any active Pro, Pro Perpetual, or Team license
automatically removes this attribution line from output produced under that
license.

2. COMMERCIAL LICENSES (PRO / PRO PERPETUAL / TEAM)
2.1 General. Commercial Licenses are paid licenses (annual, or one-time for
Pro Perpetual). Each requires a
license key issued by Licensor and tied to the identifying information You
provide (name/organization, email, tier, and seat count). Commercial
Licenses remove the attribution line described in Section 1.3.
2.2 Pro. USD $49 per year. Licenses use by one (1) named individual only,
for personal and/or commercial use, on devices that individual owns or
controls.
2.3 Pro Perpetual. USD $199, paid once. Licenses use by one (1) named
individual and one (1) additional named user within the same organization
(two seats). No renewal is required; see Section 2.6.
2.4 Team. Team-5, USD $99 per year, licenses use by up to five (5)
individual users within a single organization; Team-10, USD $199 per year,
licenses use by up to ten (10) individual users within a single
organization.
2.5 Seat limits. You may not permit a greater number of concurrent or named
users than Your tier and seat count allow. Additional users require
additional seats or an upgraded tier.
2.6 Annual term and perpetual fallback. Each Commercial License runs for a
term of twelve (12) months from the date of purchase or renewal ("Term") and
renews only if You pay the applicable renewal fee. Notwithstanding the
foregoing, any version of the Software that is publicly released while Your
license is active remains licensed to You perpetually — that is, expiration
or non-renewal of Your license does NOT revoke Your right to keep using any
such version indefinitely. Expiration or non-renewal only affects Your
ability to obtain, activate, or use versions of the Software released after
the "updates-until" date embedded in Your license key. To continue receiving
new versions and updates released after that date, You must renew.

3. RESTRICTIONS
Regardless of license tier, You may NOT:
(a) copy, distribute, sell, rent, lease, lend, or sublicense the Software
    or Your license key to any third party, or share a license key beyond
    the named individual, team, or organization it was issued to;
(b) use the Software, or permit it to be used, by more individuals or seats
    than Your license tier permits;
(c) reverse engineer, decompile, disassemble, or attempt to derive the
    source code of the Software, except to the extent such restriction is
    prohibited by applicable law;
(d) modify, adapt, or create derivative works of the Software;
(e) remove, alter, or suppress any proprietary notices in the Software,
    including the free-tier attribution line described in Section 1.3;
(f) use a Free Personal License for commercial use as defined in Section 1.2.

4. OWNERSHIP
The Software is licensed, not sold. Licensor retains all right, title, and
interest in and to the Software, including all intellectual property rights.
Open-source components included with the Software are licensed under their
own terms (see THIRD-PARTY-NOTICES.txt), which govern those components.

5. PRIVACY / DATA
The Software operates entirely on Your device. It does not transmit Your
files or their contents over the internet, and Licensor does not collect,
receive, or store Your documents or personal data through the Software.
License validation is performed locally using an embedded public key; no
network connection is required or made.

5A. SCRUB / REDACTION FEATURES — ASSISTIVE ONLY
The Software's "Scrub" features (including pattern detection, custom term
lists, name/organization detection, and placeholder replacement) are
ASSISTIVE TOOLS ONLY. They operate on a best-effort basis and are NOT
guaranteed to detect, replace, or remove any particular information, and
detection based on machine-learning models is inherently incomplete. The
Software presents detections for Your review before output is produced;
YOU are solely responsible for reviewing all output before transmitting it
to any third party (including any AI or online service) and for compliance
with any confidentiality, privacy, or regulatory obligation that applies
to You. Scrub replacement maps are stored locally on Your device; You are
responsible for safeguarding and deleting them. LICENSOR DISCLAIMS ALL
LIABILITY ARISING FROM INFORMATION THAT IS NOT DETECTED, NOT REPLACED, OR
OTHERWISE DISCLOSED, TO THE MAXIMUM EXTENT PERMITTED BY LAW. The Scrub
features are not represented as satisfying any specific regulatory
standard.

6. NO WARRANTY
THE SOFTWARE IS PROVIDED "AS IS" AND "AS AVAILABLE," WITHOUT WARRANTY OF ANY
KIND, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, OR
NON-INFRINGEMENT. LICENSOR DOES NOT WARRANT THAT THE SOFTWARE WILL BE
ERROR-FREE OR UNINTERRUPTED, OR THAT CONVERSION OUTPUT WILL BE COMPLETE OR
ACCURATE. YOU ARE SOLELY RESPONSIBLE FOR REVIEWING CONVERTED OUTPUT AND FOR
MAINTAINING BACKUP COPIES OF YOUR FILES. LICENSOR IS NOT RESPONSIBLE FOR ANY
LOSS OF DATA, FILES, OR WORK PRODUCT ARISING FROM YOUR USE OF THE SOFTWARE.

7. LIMITATION OF LIABILITY
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW: (a) IN NO EVENT SHALL
LICENSOR BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL,
EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF DATA, LOSS OF PROFITS,
OR BUSINESS INTERRUPTION, ARISING OUT OF OR RELATED TO THE SOFTWARE OR THIS
AGREEMENT, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES; AND
(b) LICENSOR'S TOTAL AGGREGATE LIABILITY ARISING OUT OF OR RELATED TO THIS
AGREEMENT SHALL NOT EXCEED THE TOTAL AMOUNT YOU ACTUALLY PAID TO LICENSOR
FOR THE SOFTWARE IN THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE
TO THE CLAIM. IF YOU USE THE SOFTWARE UNDER THE FREE PERSONAL LICENSE, THAT
AMOUNT IS ZERO DOLLARS ($0), AND LICENSOR'S AGGREGATE LIABILITY TO YOU IS
LIKEWISE ZERO DOLLARS ($0), TO THE MAXIMUM EXTENT PERMITTED BY LAW.
SOME JURISDICTIONS DO NOT ALLOW CERTAIN EXCLUSIONS OR LIMITATIONS, SO SOME
OF THE ABOVE MAY NOT APPLY TO YOU.

8. TERMINATION
This Agreement is effective until terminated. It terminates automatically,
without notice, if You breach any of its terms, including the seat, tier,
and attribution restrictions above. Upon termination, You must cease all
use of the Software and destroy all copies and license keys in Your
possession. Termination of a Commercial License does not, by itself, revoke
the perpetual-fallback rights described in Section 2.6 for versions already
licensed to You, unless termination is due to Your breach of this Agreement.
Sections 3 through 9 survive termination.

9. GOVERNING LAW
This Agreement is governed by the laws of the State of Texas, USA, without
regard to conflict-of-law principles. Exclusive venue for any dispute lies
in the state or federal courts located in Montgomery County, Texas, and the parties
consent to personal jurisdiction there.

10. GENERAL
This Agreement is the entire agreement between the parties regarding the
Software and supersedes all prior communications. If any provision is held
unenforceable, the remainder remains in effect. Failure to enforce any
provision is not a waiver. You may not assign this Agreement without
Licensor's written consent. Open-source components bundled with the
Software are subject to the separate terms in THIRD-PARTY-NOTICES.txt.

Contact: Shrinkwrap Ventures LLC, Montgomery County, Texas
support@shrink-ray.net